Core Insights - Intel is facing significant challenges, including plans to lay off 15%-20% of its global workforce and specific layoffs at its Santa Clara headquarters [3][4] - The company has already undergone large-scale layoffs in May, affecting various departments, particularly engineering, and has closed its automotive chip division in Germany [3][4] - Intel's manufacturing division is expected to see up to 20% layoffs starting July 2025, and the company plans to shut down its Automotive Group, discontinuing its automotive business entirely [4] - Recent executive turnover includes the departure of several senior executives and changes in the board of directors, indicating a restructuring effort to reduce costs amid declining performance [4] - Intel's market share is being eroded by competitors like AMD and NVIDIA, with a reported net profit of only $292 million in 2023 and a net loss of $630 million in Q1 2024 [5] - Revenue declines were noted in key segments, with a 20.8% drop in the Client Computing Group and a 7.6% decrease in the Data Center and AI segment [5] - Despite these challenges, Intel retains strong R&D capabilities and brand influence in the semiconductor market, and the restructuring plan aims to lower operational costs and improve efficiency for future growth [5]